OREANDA-NEWS. December 10, 2009. Halyk Bank of Kazakhstan (Almaty), listing on the Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries ("the Bank") (LSE: HSBK) releases its unaudited interim financial information for the nine months ended 30 September 2009 prepared in accordance with International Accounting Standard 34. "Interim Financial Reporting" and reviewed by Deloitte LLP, Kazakhstan. Total assets increased by 29.3 percent during the nine months ended 30 September 2009.

Amounts due to customers increased by 53.6 percent during the nine months ended 30 September 2009. Loans to customers decreased by 3.1 percent to KZT 1,151.8 billion from KZT 1,188.3 billion as at YE2008. Retail loans decreased by 9.0 percent to KZT 315.3 billion from KZT 346.6 billion as at YE2008 Total equity increased by 44.6 percent to KZT 276.2 billion from KZT 191.1 billion as at YE2008.

Net interest income before impairment charge increased by 5.3 percent to KZT 70,446 million from KZT 66,924 million for the nine months ended 30 September 2008. Net fee and commission income increased by 47.9 percent to KZT 28.5 billion from KZT 19.3 billion for the nine months ended 30 September 2008. Operating expenses decreased by 8.6 percent to KZT 28.4 billion from KZT 31.1 billion for the nine months ended 30 September 2008

Net income for the nine months ended 30 September 2009 was KZT 9.3 billion. Net interest margin decreased to 5.5 percent from 5.9 percent for the nine months ended 30 September 2008.The ratio of provisions to gross loans (provisioning rate) increased to 14.8 percent from 8.8 percent as at YE2008

The ratio of operating expenses to operating income before impairment charge (cost-to-income ratio) decreased to 25.2 percent from 34.1 percent for the nine months ended 30 September 2008. The ratio of operating expenses to average assets (cost-to-assets ratio) decreased to 1.9 percent from 2.4 percent for the nine months ended 30 September 2008

The ratio of loans to customers to amounts due to customers (loan-to-deposit ratio) decreased to 0.86x from 1.37x as at YE2008

Consolidated financial statements are available at http://www.halykbank.kz/bank/reports